The Fed has concluded its latest monetary policy meeting and the focus is on when it will start reducing its $4.5 trillion balance sheet.
In the markets the Hang Seng Index broke above the 27,000 level for the first time in 25 months but then gave back all of its gains by the lunchtime break. The Australian dollar was lower as consumer prices came in weaker than expected during the second quarter. RBA Governor Philip Lowe said it would be better if the Australian dollar is a bit lower.
In the commodities markets, Brent crude oil was holding above $50 a barrel after surging more than 3% on Tuesday. Metals were also trading higher in Shanghai with copper up 4%. Steel, zinc and aluminium were also firmer on expectations of increased demand from China as data shows its economy picking up speed.
Joining Thursday’s Money Talk are Enzio von Pfeil of Odyssey Capital and Patrick Bennett from CIBC. Maurice Lu from Sinopac Futures gives us a view from Taiwan.
After 8:30 we shall examine the state of Chinese manufacturing with Professor Albert Park from Hong Kong University of Science and Technology.
Economic growth in India slowed sharply in the first quarter following the chaotic demonetisation earlier this year. To give us his outlook for the Indian market and economy going forward we’re joined by Naveen Kulkarni, Co-Head of Institutional Equity Research at Phillip Capital in Mumbai. (8am-9am, email to email@example.com)
Backchat is on summer break. We hope you've enjoyed this year's programmes.
Hugh Chiverton and guests will return on September 4th, right after the 8:30am news.
Enjoy your summer.
On this Saturday's Money Talk Xtra, hosted by Peter Lewis, we're going to talk about getting married. How much do you know about the personal finance habits of the person you’re about to marry? Peter discusses with an expert five financial questions that you should be able to answer about your partner . Jimmy Lam meets a Money Talk Xtra listener who is about to get married and seeks advice to help her with her financial concerns. In our investment segment, we look at investing in bonds.
As always on Money Talk Xtra, we want to hear from you. Do you have any questions you would like to ask? Or maybe you would like to be our featured listener one week and have one of our financial experts look at your personal financial situation and offer advice? If so, then please email firstname.lastname@example.org. (Saturdays, 8.30am-9.00am)
Join journalist Anna Fenton this coming Sunday at 8.30 for another '20 Years On', our in depth look at Hong Kong's ups and downs since July 1st 1997.
On this episode: From the Milkshake Murder to Rurik Jutting, the death of Leslie Cheung, and the scandalous antics of Edison Chen. We recall the events than made news here, and made headlines overseas. (Sundays, 9.30am-1pm)
Produced by Phil Whelan
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